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Oman's 10th five-year plan (2020–2025) is the first implementation plan of Vision 2040, [24] and will focus its efforts towards achieving economic diversification. [25] The plan for economic diversification aims to move Oman away from the oil-and-gas-based sources of income, and has earmarked five sectors that have high growth potential and ...
In 2010, bilateral trade between India and Oman stood at $4.5 billion. India was Oman's second largest destination for its non-oil exports and its fourth largest source for imports. Indian and Omani firms have undertaken joint ventures in a wide range of sectors including fertilisers, pharmaceuticals, energy and engineering. [15]
Oman also has substantial trade and budget surpluses. 55% of Oman's government revenues come from non-oil industries. Petroleum accounts for 64% of total export earnings, 45% of government revenues and 50% of GDP. [44] By 2020 Oman hopes to reduce oil revenue to just 9% of its income. [47]
The country’s chief economic advisor, in a report released on Friday, forecast India’s economy would grow 6.3% to 6.8% in the next fiscal year. Here are some takeaways from the budget: Income ...
As result, India is a net exporter of petroleum products. The export of petroleum products increased from 38.94 Mt in 2008–09 to 56.76 Mt during 2020–21. [28] India has an 82.8% import dependence for crude oil and 45.3% for natural gas. [29]
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
A new report finds that the present-day golden era of Indian billionaires has produced historic income inequality in India. ... other sources, wealth (or net worth) is the total value of assets ...
In Oman, the kafala system is regulated by the foreign residency law and accompanying laws, while the system is enforced by the Ministry of Manpower and the Royal Oman Police. [ 76 ] [ 84 ] [ 87 ] [ 88 ] [ 89 ] According to Oman's 2003 Labour Law, an employer needs a permit issued by the Ministry of Manpower in order to import foreign workers ...